14
Mar
18:02
TMK points to improving pricing, volume in US
The US oil and gas industry will spend the majority of 2017 crawling out of its 2016 trough, according to Russian steelmaker TMK.
TMK’s Americas division recorded a gross loss of $81 million on sales of $282m in 2016, down from a gross loss of $18m on sales of $440m in 2015, Kallanish understands.
That downcycle is now largely over, the company says, and both volume and pricing are improving.
“The US has seen steady growth in drilling activity,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous